TY  - SER
AU  - Maiti, Sajal Kumar
TI  - Economic Empowerment of the Poor
PY  - 2011///
KW  - Nabard
KW  - Rural Poor
KW  - Poverty Eradication
KW  - Poverty
KW  - Sgsy
KW  - Self-Help Groups
KW  - Shgs
KW  - Micro-Enterprises
KW  - Entrepreneurship And Micro-Enterprises
KW  - Entrepreneurship
KW  - Ninth Biennial Conference On Entrepreneu
KW  - Biennial Conference Papers
N2  - A major cause of poverty among rural people is lack of access for both individuals and communities to productive assets and financial resources. This is caused by the fact that the formal credit institutions that function smoothly in developed urban areas cannot cater to the credit need of rural poor due to lack of information about the borrowers, lack of proper collateral among the poor people, which are acceptable  to the formal financial institutions, and there are enforcement problems in case of default. The failure of formal lending institutions and the apparent success of Bangladesh's Grameen Bank in reaching the rural poor have recently inspired numerous non-governmental organizations (NGOs) and governments of less developed countries to establish group-lending schemes to deliver credit at low cost and reasonable interest rates to small scale rural entrepreneurs. India is no exception in this case. From 1 April, 1999 Government of India initiated a programme called Swarnjayanti Gram Swarojgar Yojana (SGSY) which is a self-employment  programme of Ministry of Rural Development that aims at providing assistance to the BPL (Below the Poverty Line) rural poor for establishing
ER  -